September 2016 Disclaimer This presentation was prepared by ABEO - - PowerPoint PPT Presentation

september 2016 disclaimer
SMART_READER_LITE
LIVE PREVIEW

September 2016 Disclaimer This presentation was prepared by ABEO - - PowerPoint PPT Presentation

September 2016 Disclaimer This presentation was prepared by ABEO (the "Company") for the sole purpose of being The distribution of this document in other countries may be subject to legal restrictions, used at investor presentations.


slide-1
SLIDE 1

September 2016

slide-2
SLIDE 2

2

Disclaimer

This presentation was prepared by ABEO (the "Company") for the sole purpose of being used at investor presentations. By receiving this presentation and attending this meeting, you acknowledge yourself to be acquainted with the following restrictions. This presentation does not constitute or form part of any offer or invitation to sell or to subscribe shares. Neither this document nor any part of this document constitutes the basis of any contract or commitment and must not be used in support of such a contract

  • r commitment.

Any decision to purchase or subscribe shares under any future offer may only be made on the basis of information contained in a prospectus approved by the Autorité des Marchés Financiers (French financial markets authority) or in any other offer document drawn up at that time and issued by the Company for the purposes of such offer. This presentation is supplied to you on a personal basis, solely for your information, and may be used only for the requirements of the Company presentation. This presentation and its contents are confidential and may not be copied, distributed or transferred to any other person, published or reproduced, whether directly or indirectly, wholly or partly, by any means, in any form and for any purpose whatsoever. You must

  • bserve all legislation applicable to the possession of such information including insider

trading legislation, current regulations or the recommendations of the Autorité des Marchés Financiers. Neither this presentation nor a copy hereof, or any information it contains, may be conveyed, disclosed or distributed, whether directly or indirectly, in the United States, Canada, Japan or Australia, or to any resident of those countries. Non-observance of any or all of these restrictions may constitute a breach of statutory restrictions governing the offering of financial instruments in the United States, Canada, Japan or Australia. The distribution of this document in other countries may be subject to legal restrictions, and any persons who may come into possession of it must inform themselves of the existence of any such restrictions and comply therewith. This presentation was prepared by and is the sole liability of the Company. The information shown hereafter has not been independently verified by the Company, its advisers or any other person, and it may be subject to possibly significant updating, additions and revisions. No representation or warranty, whether express or implied, is given as to the accuracy, truth and fairness, exhaustiveness or relevance of the information contained in this

  • document. The Company, its advisers and their representatives shall under no

circumstances incur any liability for any loss or damage, whether arising from any use made of this presentation or its content, or in any way connected with this presentation. The Company is under no duty to update the information contained in this presentation, and any information contained in this presentation is subject to change without notice. This presentation contains indications on the Company's aims and lines of development. These indications are sometimes identified by the use of the future tense, the conditional mood and terms of a predictive nature such as: "expect", "can", "may", "estimate", "intend to", "consider", "contemplate", "anticipate", and other similar terms. These data are subject to risks and uncertainties that may ultimately result in substantially differing actual data. These aims and development lines are not historic data and must not be interpreted as guaranteeing that the facts and data given will occur, that the assumptions will be verified

  • r that the objectives will be achieved.

By their nature, these aims may fail to materialise, and the declarations or information shown in the presentation may prove erroneous, while the Company, its advisers and their representatives shall not be under any duty to update, subject to applicable regulations.

slide-3
SLIDE 3

3

Your speakers

Olivier ESTÈVES

CEO

HEAD OF ABEO SINCE 1992 GRADUATED FROM HEC BUSINESS SCHOOL IN 1981

Jacques JANSSEN

MANAGING DIRECTOR

JOINED ABEO IN 2014 FOLLOWING THE MERGER WITH JANSSEN-FRITSEN DRS BUSINESS ECONOMICS, MAASTRICHT UNIVERSITY

Bertrand SARRÈRE

Group CFO

JOINED THE GROUP IN 2015 EXECUTIVE MBA EMLYON, ESG EXPERIENCE WITH LISTED COMPANIES (DELFINGEN) 57% OF THE SHARE CAPITAL 19% OF THE SHARE CAPITAL

FAMILY-RUN, ENTREPRENEURIAL DNA

slide-4
SLIDE 4

4

ABEO, a leading player in the market for sport and leisure equipment

Designing and equipping specialised sports facilities, leisure centres, gymnasia, indoor climbing walls, changing rooms, schools, etc. SALES €148m % INTERNATIONAL** 66% EBITDA*** 8.4% EMPLOYEES 991

Designer, manufacturer and distributor FY 2016*

*

Financial year ended 31 March ** French subsidiaries’ export sales and foreign subsidiaries’ sales outside France *** Recurring Operating Income + Depreciation of fixed assets

Equipment or complex turnkey projects

slide-5
SLIDE 5

5

A unique position on a world market worth €5bn

3 COMPLEMENTARY BUSINESSES

Gymnastics Physical education Team sports

SPORTS

Sales: €75m

CLIMBING

Sales: €24m

CHANGING ROOMS

Sales: €50m

Artificial walls Fun climbing modules Leisure centres Lockers Cubicles Fit-out

Figures as at 31 March 2016

slide-6
SLIDE 6

2001 2003 2004 2008 2011 2013 2014 2015 2016 6

An entrepreneurial success story

A new development phase

A DEVELOPMENT MODEL COMBINING ORGANIC GROWTH AND EXTERNAL GROWTH

€10m €50m

€88m

A widening ambit in sports + Internationally Development of a portfolio of leading specialist brands Acquisition of Janssen-Fritsen Achievement of critical size

Average annual growth 28% / year Organic growth 7% / year

French accounting standard until 31/03/2013, and IFRS from 01/04/2013 * pro forma

April 1, 2012 - March 31,2016

€134m*

€149m

slide-7
SLIDE 7

7

Know-how in integrating companies

A VALUE-CREATING STRATEGY

12 companies acquired and integrated since 2002 The Janssen-Fritsen takeover at end 2014 placed us on a firm footing

  • Sales ~ €46m; employees ~ 198
  • Merging of 2 family-run

companies in a niche market, yielding synergy gains

Insourcing

  • f production

Widening

  • f the range

Taking over distributors Extension

  • f geographical

coverage Clearing the competitive landscape Navic Prospec Sanitec Janssen-Fritsen Gymnova O Jump PCV SA Sport Entre-prises Top 30 Dock 39 Clip&Climb

slide-8
SLIDE 8

A STRONG GROUP AT A KEY POINT IN ITS DEVELOPMENT

8

slide-9
SLIDE 9

9

A well-established, growing and profitable player

(EBITDA / Revenues : 8.4% as of March 31,2016)

A consolidating role confirmed with the acquisition of its competitor in the sports field, Janssen-Fritsen Leading European brands positioned in niche areas

A NEW AMBITION WITHIN 4 YEARS: TO BECOME A FRONT-RUNNER ON EVERY CONTINENT, CONSOLIDATING THE MARKET AND DEVELOPING THE GROUP IN SPORTAINMENT*

A world-leadership ambition

AB ABEO is is se set to

  • pass

pass a a ne new mil ilestone in in it its s de development

* Combining sport and leisure

slide-10
SLIDE 10

10

Ambition for 2020

DYNAMIC GROWTH

Sales 31 March

2016

€148m Organic growth > 7% / year + External growth > 12% / year > €300m

Sales 31 March

2020

Acquisitions

> Expanding internationally > Capitalising on the brands > Strengthening our position in sportainment and services

slide-11
SLIDE 11

11

A HIGHLY FRAGMENTED WORLD MARKET EXHIBITING SUSTAINABLE GROWTH

slide-12
SLIDE 12

12

A B2B world market which is highly fragmented

CHANGING ROOMS

Acial (France) RSBP (United Kingdom) Grant Westfield (United Kingdom) Kemmlit (Germany) Meta (Germany) Schäfer (Germany) etc.

CLIMBING

Walltopia (Bulgaria) Zhongti (China) etc.

SPORTS

Casal Sport (France) Marty Sport (France) Sport Thieme (Germany) Benz (Germany) Kerko (Northern Europe) Continental (United Kingdom) American Athletic Inc (United States) Senoh (Japan) Taishan (China) etc.

SPORTS MARKET €435bn1

NUMEROUS PLAYERS AND COMPETITORS

Sources :

1 AT Kearney, Winning in the business of sports, 2014

Other information: company estimate

ABEO's MARKET €5bn

88%

Sports events Personal equipment Miscellaneous

10%

Construction

  • f sports

infrastructures

Equipment

€5bn €4bn

Floor coverings Play areas

2%

OVER 20 PLAYERS IN THE MAIN COUNTRIES

NUMEROUS SMALL-SCALE FAMILY-OWNED BUSINESSES

slide-13
SLIDE 13

13

A world market worth €5bn with sustainable growth factors

A B2B MARKET IN LINE WITH THE WORLD-WIDE BOOM IN SPORTS PRACTICE

+: moderate growth (0-5%) ++: middle-range growth (5-10%) +++: high growth (10% +)

+++

Middle East China Japan South-East Asia North America Latin America

+ ++ ++ +++ + +++ +++

India

+++ +

Firm structural growth

  • 1. Increased emphasis by governments on sport as

forging a social bond and promoting health

  • 2. A strongly-expanding middle class with access to

sports facilities in the emerging countries 3. Growing urbanisation and democratisation of sports pursuits, with increased participation by women and seniors

  • 4. Construction and renewal of ageing

infrastructures in Western countries

  • 5. Development of new activities:

e.g. climbing

Source : Company estimate

Europe Eastern Europe Africa

Estimated growth of B2B sport and leisure equipment market by 2017

slide-14
SLIDE 14

14

STRENGTHS TO MATCH OUR AMBITION

slide-15
SLIDE 15

15

A unique portfolio of leading brands

A COMBINATION OF LOCAL BRANDS AND BRANDS AIMED AT THE INTERNATIONAL MARKET

CLIMBING

Sales: € 30 m

CHANGING ROOMS

Sales: € 50 m

SPORTS

slide-16
SLIDE 16

16

A wide, diversified customer base

18,000

act ctive cus ustomers pe per r year

50,000

  • rde
  • rders pe

per r year

Prestigious contracts (> €200k) > visibility and brand awareness Average orders €2k to €3k > resilience, penetration, installed base

88%

sales

12%

sales

2/3 Private - 1/3 Public

  • SPECIALISED SPORTS FACILITIES
  • GYMNASTICS CLUBS
  • CLIMBING CLUBS
  • LEISURE CENTRES AND PARKS
  • FITNESS FACILITIES
  • PRIMARY AND SECONDARY SCHOOLS
  • UNIVERSITIES
  • SPORTS FEDERATIONS
  • LOCAL GOVERNMENT
  • BUILDING TRADES (GENERAL

CONTRACTORS, JOINERS & OUTFITTERS)

Figures as at 31 March 2016

slide-17
SLIDE 17

17

Powerful demand drivers

PARTNERSHIPS WITH NATIONAL AND INTERNATIONAL SPORTS FEDERATIONS

International Federation

  • f Gymnastics

Fédération Française de Gymnastique Fédération Française de la montagne et de l’escalade International Federation of Sports Climbing International Basketball Federation International Handball Federation International Association

  • f Amusement Parks and

Attractions

  • MAJOR SPORTS EVENTS / PRESTIGIOUS CONTRACTS

BRAND AWARENESS / INFLUENCING DEMAND

Leisure centre Switzerland Rio Olympics 2016 London Olympics 2012 Beijing Olympics 2008 Sports club Bangkok Ice Factor Scotland National University of Singapore

slide-18
SLIDE 18

18

High media visibility

INVOLVEMENT IN 14 OLYMPICS SINCE 1956

Official Supplier, Rio 2016

EUROPEAN CHAMPIONSHIPS WORLD CHAMPIONSHIPS

European Artistic Gymnastics Championships 2016 (Berne) Eurobasket 2015 (Europe) European artistic and rhythmic gymnastic championships 2015 (Montpellier, Minsk) World artistic & rhythmic gymnastic championships 2015 (Glasgow & Stuttgart) FIBA 3 x 3 basketball World Tour 2015 (Abu Dhabi) Legends Only Climbing 2015 (Stockholm) Pan American Games 2015 (Toronto)

slide-19
SLIDE 19

19

A strike force with an international ambit since 2015

AMERICAS

10%

ASIA/ R.O.W.

5%

FRANCE 34% GERMANY 3% UNITED KINGDOM 17% BENELUX 21% SPAIN 3% OTHERS 7%

Sales to over 100 countries Accelerating international development 10% 38% 66%

2 0 0 4 2 0 0 6 2 0 0 8 2 0 1 0 2 0 1 2 2 0 1 4 2 0 1 6

TAKEOVER OF J-F

2 PRODUCTION SITES 8 PRODUCTION SITES 2 PRODUCTION SITES

% of international sales*

A STRONG SALES FORCE > 100 PEOPLE ~ 85% OF DIRECT DISTRIBUTION PRODUCTION SITES SITUATED CLOSE TO SALES ZONES

R.O.W.: Rest of the World Data as of 31 March * See definition p4

Sales breakdown by geographic area as of March 31, 2016

slide-20
SLIDE 20

20

A model of profitable vertical integration, a differentiating factor

R&D DESIGN ADAPTATION

32 people Standards and certification

PURCHASES

No supplier- dependence Top10 = 26% of purchases Raw-materials mix (plywood, foam, wood, etc.)

MANUFACTURING

~ 90% of sales internally 12 production sites Automated industrial facilities

MARKETING

Marketing investments New products Ties with sports federations

DISTRIBUTION & SERVICES

~ 85% in direct sales, referencing with demand leaders ~ 15% through agents, distributors and to export Over 6,000 sports centre maintenance contracts

57% GROSS MARGIN

IN 2016

slide-21
SLIDE 21

21

An organisational scheme scaled to international expansion

Jacques Janssen Managing Director

Nicolas Van Meerssche Divisional Manager, Changing rooms Eric Surdej Divisional Manager, Climbing

A WELL-MATCHED, INTERNATIONAL MANAGEMENT COMMITTEE ~1,000 PEOPLE OF WHOM 600 OUTSIDE FRANCE 24 BUSINESS LOCATIONS WORLD-WIDE

Olivier Estèves CEO

Willem Bouwman Divisional Manager, Sports The Netherlands Yves Benoît Divisional Manager, Gymnastics France Claire Cavallucci

HRD

SPORTS DIVISION

Dirk Van Esser Director, Export & Belgium

Bertrand Sarrère Group CFO

slide-22
SLIDE 22

A TRACK RECORD OF STRONG SALES AND EBITDA GROWTH

22

slide-23
SLIDE 23

23

IFRS, € million 31/03/2014 12 months 31/03/2015 12 months 31/03/2016 12 months Sales 87.9 106.5 148.4 % growth + 31.2% + 21.2% + 39.4% EBITDA* 8.0 7.1 12.5 % of sales 9.1% 6.7% 8.4% Recurring operating income 5.7 4.2 9.4

Strong growth of sales and EBITDA

* Recurring operating income + Depreciation of fixed assets

CONTRIBUTION FROM JANSSEN- FRITSEN FOR 5 MONTHS IN 2014/15 AND FOR 12 MONTHS IN 2015/16 A MIX OF ORGANIC AND EXTERNAL GROWTH

slide-24
SLIDE 24

24

IFRS, € million

31/03/2016

TOTAL SPORTS CLIMBING CHANGING ROOMS Sales 148.4 74.5 24.4 49.5 Gross profit* 84.1 44.2 14.7 25.2 % of sales 57% 60% 61% 51% EBITDA 12.5 8.7 (0.6) 4.4 % of sales 8.4% 11.7% (2.7%) 9.0%

Potential for margin growth

CLIMBING:

A 2-YEAR RECOVERY PLAN IMPLEMENTED IN JULY 2015 TO REPOSITION THE BUSINESS MODEL

  • EXCL. CLIMBING:

10.6%

* Margin on cost of sales

slide-25
SLIDE 25

25

IFRS, € million 31/03/2014 12 months 31/03/2015 12 months 31/03/2016 12 months Recurring operating income 5.7 4.2 9.4 Non-current expenses (0.3) (1.9) (6.7) Operating profit 5.5 2.3 2.7 Income from equity affiliates 0.3 Profit before tax 4.8 2.1 2.1 Net profit 2.5 0.1 (0.5) Adjusted net profit 2.5 1.1 5.1

Adjusted net profit of €5.1 m

NET PROFIT EXCLUDING NON- RECURRENT & NON-CASH EXPENSES RELATING TO THE ACQUISITION OF JANSSEN- FRITSEN AND NAVIC: €(0.9)m IN 2015 AND THE BALANCE OF €(5.6)m IN 2016

slide-26
SLIDE 26

26

Balance sheet

LEVERAGING USED FOR THE ACQUISITION OF JANSSEN-FRITSEN IN NOVEMBER 2014

> Gearing ratio: 0.9 at end March 2016

IFRS, € million 31/03/2016 ASSETS Goodwill & Brands 46.2 Non-current assets 22.7 Inventories 16.4 Trade accounts receivables 24.9 Other assets 13.7 Cash & cash equivalents 6.6 TOTAL 130.5 31/03/2016 EQUITY & LIABILITIES 37.6 Equity 40.4 Borrowings and debt 15.7 Trade accounts payables 37.0 Other liabilities 130.5

slide-27
SLIDE 27

27

IFRS, € million 31/03/2015 31/03/2016 Cash-flow from operations before change in working capital and tax 7.1 11.7 Change in WCR 3.8 (3.2) Tax paid (1.8) (2.1) Cash-flow from operations after tax 9.1 6.4 Capex (4.2) (2.6) M&A (22.1) (2.4) Dividends (1.3) (1.0) Capital increase 5.0 Change in borrowings and other debt 11.5 (0.1) Net interest paid (0.9) (0.8) Currency translation difference 0.4 (0.4) Net change in cash balance (2.5) (0.9)

Strong generation of cash used to accelerate future growth

INVESTMENT FOR FUTURE GROWTH

slide-28
SLIDE 28

28

A CLEAR STRATEGY FOR SUCCESS

slide-29
SLIDE 29

EXPECTED SYNERGIES

29

Target: Sales > €300m in 2020

DYNAMIC GROWTH DRIVING SYNERGY Organic growth > 7% / year External growth > 12 % / year

❷ Capitalising on the brands ❶ International expansion ❸ Greater emphasis on sportainment and services Synergy gains from acquisitions Turning round the climbing business Pooling of resources Production efficiency

SALES GROWTH

slide-30
SLIDE 30

30

Driver #1: International expansion

> Penetrate high-potential zones and widen the brands' market share

PRIORITY ZONES TARGETED: Asia (China, Japan, South-East Asia), North America, Northern Europe (Germany, the United Kingdom, etc.)

2020 INTERNATIONAL SALES* ACTION PLAN > Targeted acquisitions of local manufacturers, brands and distributors > Capitalising on the existing sales forces, customer portfolio and production sites

2015/16 2019/20

2.3

x > €230m

~ €100m

* See definition p4

slide-31
SLIDE 31

31

Driver #2: Capitalising on the brands

> Manage the brands to make them must-haves and better-performing: specialisation, product range, customer base, geographical zone

POSITIONING OF ABEO BRANDS IN 4 YEARS' TIME ACTION PLAN > Segmentation + Innovation

Specialist Multi-purpose International Local Positioning in 4 years' time Current positioning

x

Specialist brands Multipurpose brands

> Acquisition of complementing brands

slide-32
SLIDE 32

32

Driver #3: Strengthening our position in sportainment and services

> Seize opportunities in activities combining sports and leisure > Develop services

  • Global offer
  • Fit-out of sports centres
  • Maintenance
  • Fun wall climbing
  • Physical education
  • Innovation

Competition > Leisure Products > Services

slide-33
SLIDE 33

33 33

A need for finance to support development

Increase market shares Increase performance

A stock-market listing to finance market consolidation and seize external growth opportunities

Facilitate setting up in new business locations Seize opportunities in the emerging markets Consolidate the market

slide-34
SLIDE 34

34

Review of Q1 2016/2017 business and strategic progress

ROLL-OUT IN LINE WITH STRATEGIC PLAN

* At constant exchange rates and consolidation scope STRONG BUSINESS MOMENTUM CONFIRMING MID-TERM TARGETS

Q1 2016/2017 revenue of €40.5m, up 15.4% like for like* Healthy order backlog at end of July 2016 Success of 2016 Rio Olympics 3 potential acquisitions Cumulated revenues: ~€20m

Sustained double-digit growth in the “Sports” business Strong momentum in the “Climbing” and “Locker Room” businesses ABEO’s contribution praised by International Gymnastics Federation Encouraging initial contacts established for 2020 Tokyo Olympics Sport climbing to become an Olympic discipline in 2020 Transactions currently under exclusive negotiation, with closing expected by 2016 year-end subject to findings of ongoing due diligence procedures 3 transactions in the Sports division: 2 in Europe and 1 in Asia

slide-35
SLIDE 35

35

STOCK-MARKET LISTING TERMS

slide-36
SLIDE 36

ISSUER / LISTING MARKET: ABEO / Euronext Paris ISIN / TICKER SYMBOL: FR0013185857 / ABEO INDICATIVE PRICE RANGE: OPERATION SIZE POST-IPO MARKET CAPITALISATION: OPERATION STRUCTURE COMMITMENT TO RETAIN AND OF ABSTENTION: JOINT LEAD MANAGERS AND BOOKRUNNERS: > Issuer's lock-up period: 180 days > Shareholders’ lock-up: CM-CIC Investissement SCR' lock-up: 180 days / Top management and their respective companies: 360 days

36

1

Listing operation characteristics

CM-CIC Market Solutions et Gilbert Dupont > A global placement primarily targeting institutional investors in France and certain countries > A public offering in France in the form of an open price offer (“Offre à Prix Ouvert”), primarily targeting retail investors: 10% minimum

2 3 4 5 6 7 8

> Initial offering: capital increase of 1,066,666 new shares, representing around € 20.0 million1 > Extension clause: up to 15% of the initial offer, representing 159,999 new shares and € 3.0 million 1 > Over-allotment option (i.e. greenshoe): up to 15% of extended offer, representing 183,999 shares and around €3.4 million including € 1.7 million sale of existing shares €15.95-€21.55 (range mid-point: €18.75)

1 on the basis of the mid-point of the indicative price range, excluding extension clause and over-allotment option

€ 120 million1

slide-37
SLIDE 37

10

37 37

Operation timetable

SEPTEMBER OCTOBER NOVEMBER

6 21 11 4 22 5

Approval of the Prospectus Fixing

  • f price and

allotment

  • f shares

Settlement and delivery

  • f shares

SUBSCRIPTION PERIOD

Closing of the subscription period

  • n October 5

Start of trading

  • n Euronext

Final date for greenshoe allotment End of stability period, if any

slide-38
SLIDE 38

38

Shareholding’s breakdown

19.2%

SERDON, controlled by Jacques Janssen, Managing Director

57.2%

JALENIA, controlled by Olivier Estèves CEO

0.3%

Adora Holding

23.3%

CM-CIC Investissement SCR

16,0%

SERDON, controlled by Jacques Janssen, Managing Director

47.7%

JALENIA, controlled by Olivier Estèves CEO

0.2%

Adora Holding

19.4%

CM-CIC Investissement SCR

PRE RE-IPO POST-IPO*

5,344,984 SHARES

XX XXX SH SHARE RES

*Assuming 100% capital increase on the basis of the mid-point of the price range, excluding extension clause and over-allotment option

16.6%

Public

6,411,650 SHARES

slide-39
SLIDE 39

39 39

The partners to the operation

ASSOCIATE LEAD MANAGER AND BOOKRUNNER ADVISER TO THE COMPANY ASSOCIATE LEAD MANAGER AND BOOKRUNNER AUDITOR AUDITOR LEGAL ADVISER FINANCIAL COMMUNICATION

slide-40
SLIDE 40

40 40

The reasons for investing

A GROWING MARKET

B2B market for sports equipment driven by rising

sports practice

A WINNING MODEL:

Partnerships with sports federations and high media visibility

OPPORTUNITY

to be the cornerstone for consolidation of a highly- fragmented market

A STRONG AND DYNAMIC PLAYER

In an accelerating growth phase internationally 2015/16 EBITDA margin: 8.4%

ENTREPRENEURIAL AND FAMILY-RUN DNA

An international team with a strong experience in external growth

1 2 3 4 5

Why invest now?

slide-41
SLIDE 41

41

CORPORATE SOCIAL RESPONSABILITY (CSR)

slide-42
SLIDE 42

42

Key CSR Assets

Summary of assessment carried out by EthiFinance in May 2016, available upon request

Governance

> Decentralized governance system > New articles of association set in accordance with the MiddleNext Corporate Governance Code > Strong ethical values

Human Capital

> Clear prioritization of HR issues by the Group HR department: employee attraction/retention, managerial skills development, health & safety > In progress: definition of a HR policy, harmonized processes and social reporting at Group level

Client satisfaction

Quality management systems in some subsidiaries: > ISO 9001 certifications > Customer satisfaction surveys > Monitoring of applicable norms and regulations > R&D

Environment

> Identification of the main environmental impacts > Environmental management systems in some subsidiaries: ISO 14001 certifications, initiatives to reduce energy consumptions > Eco-design: use of eco-friendly materials, improvement of product lifecycle

Implementation of CSR additional action plan (2016-2019)

slide-43
SLIDE 43

Phone: +33 3 84 91 24 78 investor@beo.fr presse@beo.fr

WWW.ABEO-BOURSE.COM